Fairfax, Allied World to Sell Majority Stake in Vault Insurance

MGAs insurance companies

Fairfax Financial Holdings Ltd. and Allied World Assurance Co. Holdings Ltd. are selling their majority interests in Vault Insurance to Cornell Capital and Hudson Structured Capital Management Ltd. Fairfax, through Allied World, will retain a 10% stake in Vault after the transaction. Former Allied World CEO Scott Carmilani intends to retain a Vault stake and… Continue reading Fairfax, Allied World to Sell Majority Stake in Vault Insurance